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Adviser Profile

As of Date 05/22/2024
Adviser Type - Large advisory firm
Number of Employees 16 6.67%
of those in investment advisory functions 5
Registration SEC, Approved, 3/30/2012
AUM* 585,368,564 -0.24%
of that, discretionary 585,368,564 -0.24%
Private Fund GAV* 585,368,564 -0.24%
Avg Account Size 195,122,855 -0.24%
SMA’s No
Private Funds 3
Contact Info 214 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
587M 503M 419M 335M 251M 168M 84M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count3 GAV$585,368,564

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Brochure Summary

Overview

INTRODUCTION CIC Partners Management LLC (“CIC Partners Management,” “our,” “us,” or “we”) is a Registered Investment Advisory firm registered with the U.S. Securities and Exchange Commission (the “SEC”) effective as of March 30, 2012 (the “Effective Date”). We are notice filed in our home state of Texas, which means we are registered to do business in this state. We may conduct business in other states by claiming an exemption from registration and complying with applicable notice filings in those states. Our registration as an Investment Adviser does not imply any level of skill or training. The oral and written communications we provide you, including this brochure, is information you can use to evaluate us and other advisers, which are factors in your decision to hire us or to continue to maintain a mutually beneficial relationship. This brochure provides information about our qualifications and business practices. OWNERSHIP CIC Partners Management was formed as a Delaware limited liability company in March 2011 but is part of a private investment firm originally founded in 2007. CIC Partners Management is headquartered in Dallas, Texas. CIC Partners Firm LP (the “Firm”) is the sole member of CIC Partners Management. Fouad Bashour, Marshall Payne, Michael Rawlings, and Amir Yoffe are the principal beneficial owners of the Firm. ADVISORY SERVICES OFFERED We provide discretionary advisory management services for private equity funds (“Funds”) that the Firm sponsors. Typically these Funds will be closed-end limited partnerships in which investors subscribe for interests. The Funds directly or indirectly invest in the securities of privately-held companies primarily but may also invest in publicly traded companies. Each Fund may have different investment strategies and may have different investment restrictions. Investors that subscribe to the Funds are primarily “qualified purchasers,” as defined in the Investment Company Act of 1940, as amended (the “Investment Company Act”), and may include high net worth individuals, family trusts and foundations, institutions and funds of funds, and are accredited, sophisticated investors with substantial investment assets who wish to participate in partnerships formed to invest in professionally managed private equity funds. The purchase of the interests offered in each Fund is suitable for persons who can afford to hold the interests for an indefinite period and to assume the risks of and bear the possible loss of their entire investment in the interests. CIC Partners Management may also serve as the sponsor of entities that serve as feeder vehicles into the Funds. Additionally, in order to meet tax, regulatory or other requirements, certain investors may invest in substantially the same portfolio as the applicable Funds through
specially formed investment vehicles, which also are advised by CIC Partners Management. From time to time we may establish, on a transaction-by-transaction basis, investment vehicles and accounts through which certain persons may invest alongside one or more Funds (each such pooled investment vehicle and account, a “Co-Investment Vehicle”). Generally, when a Co-Investment Vehicle is established for a particular transaction, it is contractually required, as a condition of its investment, to exit its investment at the same time and on the same terms as the applicable Fund that also is invested in such transaction. Our only advisory clients are the Funds and certain Co-Investment Vehicles (collectively, the “CIC Investment Vehicles”). As an investment adviser, we identify investment opportunities and participate in the acquisition, management, monitoring, and disposition of investments for each CIC Investment Vehicle. CIC Partners Management primarily provides investment advisory services related to private equity investments in the food, restaurant, energy and healthcare services industries, but we have the discretion to make investments in other industries as well. The terms upon which CIC Partners Management or its affiliates will provide investment advisory services to each CIC Investment Vehicle are established at the time such CIC Investment Vehicle is established and are generally set out in a separate management agreement with such CIC Investment Vehicle and in the limited partnership agreement, limited liability company agreement, or other charter document governing such CIC Investment Vehicle. These terms, which vary among CIC Investment Vehicles, generally include restrictions on the types of securities and other assets in which the CIC Investment Vehicle may invest, the amount of assets that may be invested in any portfolio company or industry, the industries in which the CIC Investment Vehicle may invest and leverage, among others. CIC Partners Management or its related entities also may enter into side letter agreements with certain investors in the CIC Investment Vehicles, establishing rights under, or supplementing or altering the terms of, the applicable limited partnership agreement, limited liability company agreement, or other charter document and subscription agreement relating to such CIC Investment Vehicles with respect to such investors. Once invested in a CIC Investment Vehicle, investors cannot impose additional investment guidelines or restrictions on such CIC Investment Vehicle. ASSETS UNDER MANAGEMENT We have entered into investment advisory services agreements with CIC Investment Vehicles and/or their general partners, where applicable, shifting responsibility for the management of such discretionary assets to us. We have approximately $585,368,564 in discretionary assets under management.